Paddy market rate today in Madhya Pradesh and Uttar Pradesh (23 December, 2024)

Price variations in paddy markets have always been a crucial concern for Indian farmers and traders. On December 23, 2024, the latest mandi rates and arrivals from key markets in Madhya Pradesh and Uttar Pradesh highlighted varied trends. This report delves into these figures and their implications for farmers and traders based on the latest market prices.

Paddy prices in Madhya Pradesh:

Below is the mandi-wise data on arrivals and prices for paddy in Madhya Pradesh.

Paddy rate in Uttar Pradesh:

Below is the mandi-wise data on arrivals and prices for paddy in Uttar Pradesh.

1 - Madhya Pradesh:

• Highest Price: Vidisha mandi at ₹2,900 per quintal.
• Lowest Price: Balaghat mandi at ₹1,725 per quintal.
• Highest Arrival: Balaghat mandi with 233.6 tons.

2 - Uttar Pradesh:

• Highest Price: Kurara mandi at ₹2,700 per quintal.
• Highest Arrivals: Sandila (860 tons) and Raebareli (690 tons).
• Lowest Price: Madhoganj mandi at ₹2,150 per quintal.

3 - Reasons for Price Variation:

• Differences in Regional Production: Variations in production quantity and quality significantly influence mandi prices. For instance, higher arrivals in Balaghat lead to lower prices, while Vidisha focuses on high-value produce.
• Impact of Demand and Supply: Markets with higher supply, like Sandila and Madhoganj, tend to have lower prices compared to those with limited arrivals.
• Quality Matters: High-quality paddy from mandis like Raisen and Vidisha commands premium prices, reflecting consumer preferences.

Conclusion: Paddy price and arrivals in the markets of Madhya Pradesh and Uttar Pradesh exhibit considerable regional variation. To stabilize prices, the government must take decisive measures. Furthermore, up-to-date mandi rates and 2024 market insights enable farmers and traders to make informed decisions, maximizing their benefits from prevailing market conditions.

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